The forecasts for the expected leading tendencies for 2018 for the IT sector

January 16th, 2018

At the beginning of the New Year, experts in the IT business are sharing their forecasts for the tendencies which will be prevailing for the IT sector in 2018.

Here are the most important tendencies in the world of digital transformation according to the leaders in the IT sector:

IoT

In 2017, the number of “things” connected to the Internet increased by a whopping 30% as compared to 2016 and reached an estimated 8.4 billion mark. There is no doubt that this tendency will continue to develop and the number of ‘things” which will connect to the internet in 2018 will reach new heights. The truth is that people are relying more and more on various devices which are connected to the internet and supply various types of data. The main trends which can be expected in this area in 2018 are: edge computing, analytics revolution in all businesses as well as 5G cell processing. Forecasts are that about 40% of all computing will occur at the edge in the next couple of years.

Blockchain

Following the huge boom of Bitcoin in 2017, Blockchain is expected to rise in use in 2018 in the financial sphere as well as in other industries including healthcare, hospitality and entertainment. Expectations are that 20% of the global trade finance will utilize Blockchain by the end of 2020, so this year will be the turning point for this amazing new technology.

AI

Artificial intelligence is becoming growingly popular for everyday use. We are all using Siri, Alexa and chatbox services on a daily basis. Expectations for 2018 are that AI will become adopted by more industries for the sake of faster and more efficient and cheap automation, communication, marketing and analytics purposes.

AR

Forecasts are that AR will take the place of VR in 2018 due to the fact that it is easier to use and cheaper. AR will help businesses create better presentations, provide training and enhanced envisioning of new products.

FaaS

Failure as a service is becoming an increasingly popular technology which helps businesses strategize better via easy and quick prototyping and visualization of new products and services. Expectations are that FaaS will become key for the leaders in digital transformation in 2018.

Transformation and overcoming culture issues

In order to succeed in the world of new technologies, companies which are struggling with moving on due to the culture issues will face even further problems in 2018, especially those which are struggling with resistant culture.

Digital transformation

Companies need to move along with the new technological tendencies in order to succeed and survive in 2018. Those businesses which remain oblivious and unprepared to the rapid digital transformations and developments are very likely to fail in 2018. Companies need to realize that all things change in the business and need to quickly adapt to these new trends in order to remain afloat and to survive among the strong competition. This means adopting new technologies, such as IoT, AI, edge computing, blockchain and others to improve their products, services and overall productivity.